Alaska's untapped oil reserves estimate lowered by about 90 percent (conspiracy, companies, government)

[Finn_Jarber]

Sure is a good thing we didn't listen to the 'Drill Baby Drillers' and rush in and start drilling more in Alaska.

Alaska's untapped oil reserves estimate lowered by about 90 percent - CNN.com

The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.

The group estimates about 896 million barrels of such oil are in the reserve, about 90 percent less than a 2002 estimate of 10.6 billion barrels.
The new estimate is mainly due to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.

[GregW]

Oops!

[wrench409]

Why listen to the media?

Read and listen to someone who was there.

The Energy Non-Crisis by Lindsey Williams


http://www.youtube.com/watch?v=NbakN7SLdbk

[Frank DeForrest]

Won't be the first time a report like this is wrong.
Think about the agenda behind the science.

The lack of skepticism from the lefties is duly noted, it's as if they are putty in the hands of their beloved government.

[Finn_Jarber]

Originally Posted by Frank DeForrest

Won't be the first time a report like this is wrong.
Think about the agenda behind the science.

The lack of skepticism from the lefties is duly noted, it's as if they are putty in the hands of their beloved government.

The government wanted to expand drilling, so I am not sure what you are referring to.

It is what it is. A report like this is not 'left' or 'right', it is just a report on estimated oil reserves.

[ovcatto]

Originally Posted by wrench409

Why listen to the media?

Read and listen to someone who was there.

Is being "there" like being an expert on Russia because you can see it from your porch?

[Gearhound]

Well, since we're at the conspiracy theory stage......................................

IF....the reserve estimates were FALSELY revised downward 90%.
Wouldn't the oil companies be sitting on a GOLD MINE!?
They could RAISE prices, claiming a shortage of future revenue, while at the same time, having their cake.....and eating it too..........................

You betcha.....Steve

[delusianne]

Either way, whoa!

[Calvinist]

So there's less to spill then, right? The polar bears will be happy about that when we go drill it.

[jaada]

Originally Posted by Calvinist

So there's less to spill then, right? The polar bears will be happy about that when we go drill it.

they are going to ruin the land and the ecosystems up there so sad they dont care about that.